Banking giant Barclays has become the latest partner to join Innovation Birmingham in delivering a new incubation facility at its £8 million iCentrum building.
Barclays will launch a 2,500 sq ft business incubator within the 'Serendip' facility which which will strive to drive innovation and open up opportunities for tech start-ups.
The incubator will work alongside the Innovation Birmingham mentors to create a support package for qualifying start-up and early-stage digital and tech companies with high growth potential.
iCentrum will open on land off the Aston Expressway on March 18 and Serendip will follow in April.
Located on the first floor of iCentrum, the business incubator will join three other sector-specific quarters there called Digital Heath, Intelligent Mobility and Internet of Things.
Chief executive of Innovation Birmingham David Hardman said: "With construction work on iCentrum quickly nearing completion, we continue to look to delivering this project both on time and on budget.
"It is being developed and funded speculatively as a tech incubator for the generation of entrepreneurs that is growing up with social media, 3D printing and cloud-based business solutions.
"We are delighted to work in partnership with Barclays to deliver this exciting project and their extensive experience will perfectly complement the additional quarters to create greater strength and diversity in supporting early stage businesses."
Ray O'Donoghue, managing director of Barclays in the Midlands, said: "These hubs will be a place for people to create and innovate.
"We are very excited to be part of iCentrum. Our incubator will be a great platform to support fast growing businesses."